More...
I feel like I’ve had conversations like this with people before. From Giant in the Playground:
(HT to Jonatan Krovitsky)
Dear world: if you want to run a profitable business, you have to focus on, well, profit. And, by the way, revenue and profit are not the same thing…and, no, units sold and profit are [...]
Tags: Decision Making · Econ 101
A few weeks ago, I posted a Planet Money poll involving cute animals and refused to let you speculate on what the experiment was about in the comments. Apparently at least some of my readers are quite well read, since I got a number of emails and other notes informing methat the experiment results [...]
Tags: Buyer Beware · Decision Making · Macroeconomics
My latest Huffington Post column talks about how to avoid inefficiency in gift giving and why hypothetical gifts are awesome. In related news, EDIWM merchandise makes a lovely (though potentially inefficient, by my argument) non-hypothetical gift.
Tags: Behavioral Econ · Buyer Beware · Decision Making
I usually make it a point to not post links to economic experiments here, mainly because many of you know too much and therefore would likely screw up the representativeness of the subject pool. (I promise that I mean that as a compliment.) Given my hesitation, there’s really only one thing that could [...]
Tags: Behavioral Econ · Decision Making
I have to admit that I’m getting bored with this whole Ground Zero mosque rhetoric, and there are enough other people ranting about it that you don’t really need to hear it from me. (It’s not that I don’t rant, it’s just that I reserve most ranting for more personal forums thankyouverymuch.) On [...]
Tags: Decision Making · Policy · Uncategorizable
